Residential property market hits €11.5bn

The total value of Ireland’s residential property market rose 7.4% to €11.5bn, despite a 3.5% fall in the actual level or volume of residential property transactions, according to Myhome.ie.
Residential property market hits €11.5bn

Having number-crunched the tallies on the Residential Property Price Register, there’s been an uneven geographic pace of recovery in sales, according to the Myhome analysis, which found the number of sales up in only six counties, and typically from a low base. Among those recovering well was Waterford, with volumes up 11%.

In all, the Register analysis found a drop of 3.5%, to 47,175 property transactions in 2016.

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